Bangkok Bank, the largest bank in
Thailand by assets, has posted net profits of THB20 billion ($604
million) for fiscal 2009, a 0.02 percent increase from the year
before.
The bank grew its deposits by THB31.5 billion,
up 2.4 percent to THB1.34 trillion at the end of December 2009.
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The bank also reported a 3.2 percent decrease
in total loans from THB1.2 trillion in 2008 to THB1.1 trillion.
Other highlights include a 9.5 percent rise in
annual fees and commissions, boosted by contributions from several
products and services including electronic transactions,
deposit-related services and bancassurance.
The bank attributed the increase in net profit
to maintaining a high level of liquidity, good loan quality and a
solid capital position.
“Throughout 2009 we concentrated on working
closely with our customers,” said bank chairman Chatri
Soponpanich.
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By GlobalData“This approach allowed us to provide appropriate and timely
financial support so that our customers could operate their
business smoothly, both when economic conditions were difficult and
when the economy began to improve.”
